SG Americas Securities LLC Trims Holdings in Jack Henry & Associates, Inc. $JKHY

SG Americas Securities LLC lowered its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 60.8% in the third quarter, Holdings Channel reports. The firm owned 4,629 shares of the technology company’s stock after selling 7,172 shares during the quarter. SG Americas Securities LLC’s holdings in Jack Henry & Associates were worth $689,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of JKHY. Clean Yield Group raised its holdings in shares of Jack Henry & Associates by 1.8% in the third quarter. Clean Yield Group now owns 32,351 shares of the technology company’s stock valued at $4,818,000 after buying an additional 585 shares during the last quarter. Moran Wealth Management LLC increased its position in Jack Henry & Associates by 22.5% in the 3rd quarter. Moran Wealth Management LLC now owns 3,841 shares of the technology company’s stock valued at $572,000 after acquiring an additional 705 shares during the period. Hennion & Walsh Asset Management Inc. raised its stake in Jack Henry & Associates by 31.4% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 3,668 shares of the technology company’s stock valued at $546,000 after acquiring an additional 877 shares during the last quarter. Torray Investment Partners LLC lifted its position in Jack Henry & Associates by 22.0% during the 3rd quarter. Torray Investment Partners LLC now owns 12,690 shares of the technology company’s stock worth $1,890,000 after acquiring an additional 2,291 shares during the period. Finally, D.A. Davidson & CO. lifted its position in Jack Henry & Associates by 4.8% during the 3rd quarter. D.A. Davidson & CO. now owns 3,072 shares of the technology company’s stock worth $458,000 after acquiring an additional 142 shares during the period. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Up 0.5%

Shares of NASDAQ JKHY opened at $187.82 on Thursday. The stock has a market capitalization of $13.59 billion, a price-to-earnings ratio of 28.54, a price-to-earnings-growth ratio of 3.22 and a beta of 0.73. Jack Henry & Associates, Inc. has a 52 week low of $144.12 and a 52 week high of $196.00. The firm has a 50-day moving average price of $181.08 and a 200 day moving average price of $168.36. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.01.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, November 4th. The technology company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.33. Jack Henry & Associates had a net margin of 19.86% and a return on equity of 23.11%. The company had revenue of $636.11 million during the quarter, compared to analysts’ expectations of $634.42 million. During the same period last year, the company posted $1.63 earnings per share. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. Equities research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Tuesday, December 2nd were issued a dividend of $0.58 per share. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $2.32 annualized dividend and a yield of 1.2%. Jack Henry & Associates’s payout ratio is currently 35.26%.

Wall Street Analyst Weigh In

JKHY has been the topic of a number of recent research reports. DA Davidson dropped their target price on Jack Henry & Associates from $204.00 to $190.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. Raymond James Financial raised shares of Jack Henry & Associates from a “market perform” rating to a “strong-buy” rating and set a $198.00 price objective on the stock in a research note on Thursday, November 20th. Weiss Ratings restated a “hold (c)” rating on shares of Jack Henry & Associates in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods raised shares of Jack Henry & Associates from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $170.00 to $215.00 in a report on Monday, December 8th. Finally, Robert W. Baird boosted their price target on shares of Jack Henry & Associates from $180.00 to $200.00 and gave the stock a “neutral” rating in a research note on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Jack Henry & Associates currently has a consensus rating of “Moderate Buy” and an average target price of $195.82.

Insider Buying and Selling at Jack Henry & Associates

In other Jack Henry & Associates news, Director David B. Foss sold 20,000 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $174.92, for a total transaction of $3,498,400.00. Following the sale, the director directly owned 128,133 shares in the company, valued at approximately $22,413,024.36. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Shanon G. Mclachlan sold 227 shares of the company’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $160.83, for a total value of $36,508.41. Following the completion of the sale, the chief operating officer directly owned 1,420 shares in the company, valued at $228,378.60. This trade represents a 13.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.60% of the company’s stock.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a leading provider of technology solutions and payment processing services for the financial services industry. Founded in 1976 and headquartered in Monett, Missouri, the company develops and supports a comprehensive suite of software and services designed to help banks, credit unions and other financial institutions streamline operations, improve customer engagement and manage risk.

The company’s core processing platforms deliver end-to-end account processing, general ledger, deposit operations and loan servicing functionality.